Detailed Single Year Tables

Description of Proposed Provision:
Expand covered earnings to include contributions to voluntary salary reduction plans (such as Cafeteria 125 plans and Flexible Spending Accounts). Starting in 2014, subject these contributions to the OASDI payroll tax, making the payroll tax treatment of these contributions like 401(k) contributions.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2013

13.95

12.69

-1.26

330

0.00

0.00

0.00

2014

14.04

13.11

-0.93

315

0.00

0.28

0.28

2015

13.97

13.16

-0.81

303

0.00

0.30

0.30

2016

13.91

13.19

-0.72

289

0.00

0.30

0.30

2017

13.88

13.21

-0.68

277

0.00

0.30

0.30

2018

13.91

13.23

-0.68

265

0.00

0.30

0.30

2019

14.06

13.25

-0.81

254

0.00

0.30

0.30

2020

14.26

13.27

-0.99

242

0.00

0.30

0.30

2021

14.45

13.30

-1.15

231

0.01

0.30

0.30

2022

14.71

13.33

-1.38

218

0.01

0.30

0.30

2023

14.98

13.35

-1.63

205

0.01

0.30

0.29

2024

15.24

13.36

-1.88

192

0.01

0.30

0.29

2025

15.49

13.38

-2.11

178

0.01

0.30

0.29

2026

15.72

13.39

-2.34

163

0.02

0.30

0.29

2027

15.95

13.40

-2.54

148

0.02

0.30

0.29

2028

16.15

13.41

-2.74

133

0.02

0.30

0.28

2029

16.35

13.43

-2.92

117

0.02

0.30

0.28

2030

16.52

13.43

-3.08

100

0.02

0.30

0.28

2031

16.66

13.44

-3.22

82

0.03

0.30

0.27

2032

16.78

13.45

-3.33

64

0.03

0.30

0.27

2033

16.89

13.46

-3.43

45

0.03

0.30

0.27

2034

16.97

13.46

-3.51

25

0.03

0.30

0.26

2035

17.02

13.46

-3.56

5

0.04

0.30

0.26

2036

17.05

13.47

-3.58

----

0.04

0.30

0.26

2037

17.07

13.47

-3.60

----

0.04

0.30

0.25

2038

17.06

13.47

-3.59

----

0.05

0.30

0.25

2039

17.04

13.47

-3.57

----

0.05

0.30

0.25

2040

17.02

13.47

-3.55

----

0.05

0.30

0.25

2041

16.98

13.47

-3.52

----

0.06

0.30

0.24

2042

16.95

13.47

-3.48

----

0.06

0.30

0.24

2043

16.93

13.47

-3.46

----

0.06

0.30

0.24

2044

16.91

13.47

-3.44

----

0.07

0.30

0.24

2045

16.90

13.47

-3.43

----

0.07

0.30

0.23

2046

16.89

13.47

-3.42

----

0.07

0.30

0.23

2047

16.89

13.47

-3.41

----

0.08

0.31

0.23

2048

16.88

13.48

-3.40

----

0.08

0.31

0.22

2049

16.87

13.48

-3.39

----

0.09

0.31

0.22

2050

16.88

13.48

-3.40

----

0.10

0.31

0.22

2051

16.89

13.49

-3.41

----

0.10

0.31

0.21

2052

16.92

13.49

-3.43

----

0.11

0.32

0.21

2053

16.95

13.49

-3.45

----

0.11

0.32

0.21

2054

16.99

13.50

-3.49

----

0.12

0.32

0.20

2055

17.04

13.50

-3.53

----

0.13

0.32

0.20

2056

17.09

13.51

-3.58

----

0.13

0.33

0.19

2057

17.14

13.51

-3.63

----

0.14

0.33

0.19

2058

17.20

13.52

-3.67

----

0.15

0.33

0.19

2059

17.25

13.53

-3.72

----

0.15

0.33

0.18

2060

17.30

13.53

-3.77

----

0.16

0.34

0.18

2061

17.35

13.54

-3.81

----

0.17

0.34

0.17

2062

17.40

13.54

-3.86

----

0.17

0.34

0.17

2063

17.45

13.55

-3.90

----

0.18

0.35

0.17

2064

17.50

13.55

-3.94

----

0.18

0.35

0.16

2065

17.55

13.56

-3.99

----

0.19

0.35

0.16

2066

17.60

13.56

-4.04

----

0.20

0.35

0.16

2067

17.65

13.57

-4.08

----

0.20

0.36

0.15

2068

17.70

13.58

-4.13

----

0.21

0.36

0.15

2069

17.75

13.58

-4.17

----

0.21

0.36

0.15

2070

17.80

13.59

-4.22

----

0.22

0.37

0.14

2071

17.85

13.59

-4.26

----

0.23

0.37

0.14

2072

17.89

13.60

-4.29

----

0.23

0.37

0.14

2073

17.92

13.60

-4.32

----

0.24

0.37

0.14

2074

17.95

13.61

-4.34

----

0.24

0.38

0.14

2075

17.97

13.61

-4.36

----

0.25

0.38

0.13

2076

17.98

13.61

-4.37

----

0.25

0.38

0.13

2077

17.99

13.62

-4.37

----

0.25

0.39

0.13

2078

18.00

13.62

-4.38

----

0.26

0.39

0.13

2079

18.01

13.62

-4.39

----

0.26

0.39

0.13

2080

18.02

13.63

-4.40

----

0.27

0.39

0.13

2081

18.05

13.63

-4.41

----

0.27

0.40

0.13

2082

18.07

13.63

-4.44

----

0.27

0.40

0.13

2083

18.11

13.64

-4.47

----

0.28

0.40

0.13

2084

18.15

13.64

-4.51

----

0.28

0.41

0.13

2085

18.20

13.65

-4.55

----

0.28

0.41

0.13

2086

18.25

13.66

-4.59

----

0.29

0.41

0.12

2087

18.30

13.66

-4.64

----

0.29

0.41

0.12

2088

18.36

13.67

-4.69

----

0.29

0.42

0.12

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2013 Trustees Report.

2013-2087

16.69%

14.20%

-2.50%

2035

0.10%

0.32%

0.22%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.